Arrears

FEATURED ARTICLES ABOUT ARREARS - PAGE 2

PANAJI: The Goa government has urged the Centre to give the state its share of pending dues since 2011, which amounts to around Rs 300 crore. Chief Minister Manohar Parrikar in a meeting with Finance Minister Arun Jaitley in Delhi yesterday discussed the issue, a senior government official said today. "The state did not raise any fresh demands. What we want is whatever dues which are pending with the central government should be given to us," the official said.

NEW DELHI: Ahead of the festival season, the government on Tuesday decided to release the second and last installment of salary arrears to government servants numbering about 50 lakh which will put a burden of over Rs 17,500 crore on the exchequer. Pensioners will also get their final installment of arrears. Remaining 60% of the total arrears have to be paid as the government implemented the new pay scales with effect from January 1, 2006 after the 6th Pay Commission report was approved by the Cabinet with modifications.

MATHURA: The Mathura Vrindavan Development Authority (MVDA) has issued notices to 128 builders of the district for payment of arrears of External Development Charge (EDC). "The builders are supposed to pay Rs 41 crores as arrears of EDC as per revised rates of the state govt," MVDA Vice Chairman Nagendra Pratap Singh said. Realization of EDC charges was suspended earlier since some parties had gone to the court against realization of such fee saying that no such charges have been framed by the govt.

LUCKNOW: The Allahabad High Court has ordered that sugar mills pay interest to cane farmers on arrears and that banks suspend agriculture loan recovery till farmers get their payment in full. On a petition filed by VM Singh, a farmer rights activist regarding arrears by millers, Justice Uma Nath Singh of the Lucknow bench of the Allahabad High Court said that farmers be paid interest on the amount due to them if there is a delay in payment. VM Singh said the court ordered that millers clear arrears in the next 15 days and the case be listed for hearing again after four weeks.

NEW DELHI: Arrears collection by the revenue department has gone up. Facing a target of Rs 2,450 crore during '06-07 in terms of excise, customs and service tax arrears, the department has collected Rs 778.9crore till July. The department witnessed a six-fold growth in the recovery of service tax arrears. It collected Rs 255 crore in April-July '06 against Rs 38 crore in the corresponding period of previous fiscal. This is almost 51% of the Rs 500-crore target set for service tax arrears.

MUMBAI: Tax arrears of over Rs 1,400 crore have been recovered by the Income-Tax department of Mumbai this fiscal. The collection was a result of the special drive initiated by the finance ministry this year to recover all-India arrears estimated at around Rs 85,000 crore. Mumbai's I-T department is expected to recover a further Rs 600 crore by the end of this fiscal. The recovery was effected through attachment of assets, auctions, revisions and rectifications of assessments, etc. The Mumbai division of the I-T department has been given a recovery target of Rs 5,000 crore.

NEW DELHI: A grouping of solar water heater manufacturers today demanded that the government immediately pay them Rs 350 crore in arrears related to unpaid subsidies. The pending subsidy includes Rs 50 crore for 2012-13 and around Rs 300 crore for the last fiscal, according to Solar Thermal Federation of India (STFI). "The industry is on death bed. It is Rs 800-crore industry," STFI Secretary General Jaideep Malaviya said. As of now, arrears have gone up to Rs 375 crore, he added.

NEW DELHI: As much as Rs 84,219 crore was outstanding as income tax arrears on July one this year, including over 400 cases in which the arrears amounted to Rs 25 crore or more, Finance Minister P Chidambaram said in Lok Sabha on Friday. The total arrear outstanding on April one this year was Rs 87,885 crore as against Rs 72,290 crore on the same day last year, he said during Question Hour. The amount recovered out of the arrears till June 30 this fiscal was Rs 1,092 crore, Chidambaram said, adding he expected to recover a substantial amount this year.

MUMBAI: Retired partners of partnership firms are not liable to pay central excise duty, customs duty or service tax or central sales tax which would have been incurred by their former firm, a recent Bombay High Court decision says. This issue was decided by the court last month on a writ petition filed by Balbir Prasad Gupta, a partner who retired from his firm but was asked to pay the arrears when the firm was held liable to pay customs duty under an order passed by the Delhi High Court.

MUMBAI: Jet Airways management assured its pilots of legal help today to deal with DGCA notices to them, even as it sought more time to pay salary arrears worth Rs 100 crore, sources said here today. The assurance to pilots came after a meeting between the two sides at the airline's headquarters here today, airline sources told PTI today evening. "At the meeting, we requested the management to support us on various notices served to our colleagues by the aviation regulator.